Oppenheimer Asset Management Inc. Purchases 396 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Oppenheimer Asset Management Inc. lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,214 shares of the insurance provider’s stock after acquiring an additional 396 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Reinsurance Group of America were worth $6,668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Spire Wealth Management grew its holdings in Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 57 shares in the last quarter. Baron Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock valued at $324,000 after purchasing an additional 64 shares in the last quarter. Mount Lucas Management LP increased its holdings in Reinsurance Group of America by 2.9% during the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock valued at $565,000 after buying an additional 72 shares during the period. Inspire Investing LLC raised its stake in Reinsurance Group of America by 0.5% in the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock worth $3,039,000 after buying an additional 72 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in Reinsurance Group of America by 2.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after buying an additional 77 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Up 1.1 %

Shares of Reinsurance Group of America stock opened at $202.78 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12-month low of $174.45 and a 12-month high of $233.81. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 18.88 and a beta of 0.93. The firm’s 50 day simple moving average is $214.26 and its two-hundred day simple moving average is $216.12.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. Analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler cut their target price on Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $229.62.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.